Old Car Insurance Premium Reduction ?

[tubman]

Originally Posted by JayChicago

My opinion: You are both right.
Your logic seems correct. But the insurance company’s logic is also correct in that their low rates already reflect minimal driving time, so less driving due the pandemic shut-down has a lesser effect on their exposure.
If you only saw a $29 rebate on your daily driver, how much rebate could be expected on a collector car policy? $5? $10?
And I think the rebate on any insurance policy should be considered a gift. Contractually, they don’t have to do that. Seems to me to be a PR good gesture by the the insurance companies.

I think Jay just nailed it.

"cas3" I hope that's on your daily insurance, not a collector policy.